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Essay

Business Cycle

Essay specific features

 

Issue:

Business

 

Written by:

Tamra T

 

Date added:

June 6, 2011

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 654

 

Was viewed:

2660 times

 

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Essay content:

These phases are contraction, trough, expansion, and peak. Contraction is a slowing down of the pace in economic activity. Trough is the lower turning point of a business cycle, where a contraction turns into an expansion. An expansion is a speeding up of the pace in economic activity. Peak is the upper turning of a business cycle...
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Peak is the upper turning of a business cycle. An economic recession occurs if a contraction is severe enough. The cycle extends from a Gross Domestic Product base line through one rise and one decline, and then back to the base line. This period typically averages about twenty one and a half years...
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